Stocks in the news (ap, bm, egco, ratch, ori, rml, samart, tidlor, tks) 14.09.21
AP’s booked Bt23.3b presales in 8M21, on rising price of single detached house, mulls 5 new launches worth Bt7,020m this month.
BM reaffirms record high profit, despite slight hiccup in 3Q, confident on 4Q growth, supported by Bt300m backlog.
EGCO, RATCH & Electricity Generating Authority (EGAT) established JV, Innopower, to invest in start-up R&D co., on EV, EV infra, smart energy solution.
FSMART singed banking agent contract with CIMBT, enabling individual to deposit/withdrawal via its top-up machines, target cod before end of month.
Comment: How great is this? I can imagine every analyst trying to figure out # of transactions/day x fee = x revenue at x margin
ORI secured Bt200m online presales during 9.9 Origin Condo Fest.
Comment: But they aren’t selling anything else, again, don’t look at them as a pure prop developer play anymore.
RML appointed Ascott to manage 2 service apartments, Somerset Riverside & Lyf Riverside BKK.
SAMART: local fund, BBLAM, cuts holding by 0.0993% to 9.9934% of total outstanding on Thursday (September 9).
TIDLOR to be added to MSCI this November, Tabloid, sees growth momentum from car title loans at 30% this year and low rate loans from International financial firm.
Comment: Ka-ching. Just look around, people need money and then they’ll need to refinance, and then hopefully businesses start again and they can slowly payback.
TKS sees solid 2H after realizing revenue from 9.68% stake in SABUY, and securing partners in electronic payment platform and food court management.